L&T inches up after securing orders

L&T rose 0.59% to Rs 1,190.70 at 11:12 IST on BSE after the company said that its construction division has secured orders worth Rs 1672 crore across its various businesses.

The announcement was made during market hours today, 15 March 2016.

Meanwhile, the S&P BSE Sensex was down 144.86 points or 0.58% at 24,659.42.

On BSE, so far 55,000 shares were traded in the counter as against average daily volume of 2.78 lakh shares in the past one quarter. The stock hit a high of Rs 1,197 and a low of Rs 1,182.85 so far during the day. The stock had hit a 52-week high of Rs 1,886.25 on 17 July 2015. The stock had hit a 52-week low of Rs 1,016.60 on 12 February 2016.

The large-cap company has equity capital of Rs 186.30 crore. Face value per share is Rs 2.

L&T's consolidated net profit rose 19.4% to Rs 1034.80 crore on 7.6% growth in net sales to Rs 25387.15 crore in Q3 December 2015 over Q3 December 2014.

L&T is a major Indian multinational engaged in technology, engineering, construction, manufacturing and financial services, with global operations. Its products and systems are marketed in over 30 countries worldwide.

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